Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    650-712 Thousand Oaks Blvd Thousand Oaks, CA 91360
    Back to Search
    Property profile & analytics

    650-712 Thousand Oaks Blvd Thousand Oaks, CA 91360

    View on Map
    • Neighborhood centers
    • 16,654 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 650-712 Thousand Oaks Blvd

    Property size
    16,654 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Sun Plaza, located at 650-712 E. Thousand Oaks Blvd in Thousand Oaks, CA 91360, offers exceptional retail space for lease. This Ventura County strip center totals 16,654 square feet and currently has 3,331 square feet of vacant space available. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 937 square feet to a maximum contiguous space of 3,331 square feet. This presents a unique opportunity for businesses seeking flexible and adaptable retail space in a high-traffic location. The center's strategic position on East Thousand Oaks Boulevard ensures high visibility and accessibility for customers. The property is situated in Ventura County, within the thriving city of Thousand Oaks, offering a strong demographic profile and significant consumer base. This is an excellent chance to establish or expand your business in a well-established and desirable retail environment. The available space provides ample opportunity for customization to meet individual business needs. Interested parties are encouraged to inquire about lease terms and availability. The property's address is easily accessible and benefits from convenient parking for customers. This prime retail location offers a compelling opportunity for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.866
    Latitude
    34.1788

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      409 Avenida De Los Arboles

      Lifestyle centers • 8,000 SF
      409 Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • Value Estimation by Request

      650 Moorpark Rd

      Neighborhood centers
      650 Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Value Estimation
      $765,000
      4,612 SF

      487 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 4,612 SF
      487 Moorpark Rd, Thousand Oaks, CA 91360-3741
      View Details
    • Value Estimation
      $1,540,000
      12,336 SF

      428 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 12,336 SF
      428 Moorpark Rd, Thousand Oaks, CA 91360-3702
      View Details
    • Value Estimation by Request
      1.73 Acres

      672 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 1.73 Acres
      672 Moorpark Rd, Thousand Oaks, CA 91360-3704
      View Details
    • Value Estimation
      $2,010,000
      8,558 SF

      75 1000th Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 8,558 SF
      75 1000th Oaks Blvd, Thousand Oaks, CA 91360-5762
      View Details

    Similar Nearby for Sale

    • $3,500,000
      7,193 SF

      Retail Space for Lease

      Retail space available for lease in Thousand Oaks, California.
      359-475 E Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      17,967 SF

      Retail Strip Center in Thousand Oaks

      100% leased retail strip center shadow-anchored by Whole Foods.
      724 N Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      7,193 SF

      Retail Pad Owner-User Opportunity

      Rare retail pad for sale with future rental income.
      475 E Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      43,072 SF

      Medical Condo in Thousand Oaks

      Recently remodeled medical condominium near Los Robles Hospital.
      555 Marin St, Thousand Oaks, CA 91360
      View Details
    • $250,000

      Thousand Oaks Assisted Living Opportunity

      Established assisted living facility in a desirable Thousand Oaks location.
      1060 Calle Las Trancas, Thousand Oaks, CA 91360
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      11,200 SF

      Thousand Oaks Retail Space Available

      Retail space for lease in high-traffic Thousand Oaks location.
      1625 Thousand Oaks Blvd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing

      Retail Space Near Whole Foods

      Retail shops available in remodeled Thousand Oaks shopping center.
      650 N Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing

      Retail Space in Village Court

      Prime retail location with high traffic and growth potential.
      428 N Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing

      Thousand Oaks Shopping Center Space

      Vibrant shopping center space for rent in Thousand Oaks.
      1000-1086 E Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $2 SF/Yr
      850 SF

      Prime Retail Space on Moorpark

      High-visibility retail space with flexible layout and natural light.
      540 North Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing

      Thousand Oaks Retail/Office Space

      Retail and office spaces available for lease in Thousand Oaks.
      650-712 E Thousand Oaks Blvd, Thousand Oaks, CA 91360
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    650-712 Thousand Oaks Blvd
    Thousand Oaks, CA 91360
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    650-712 Thousand Oaks Blvd, Thousand Oaks, CA, 91360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!